Purchasing Power makes ABS return

Purchasing Power, a speciality e-commerce retailer, is back in the ABS market after a three-year absence.

By Sasha Padbidri

12 Feb 2018

The company, which provides employer sponsored purchase programmes for subprime consumers to buy home appliances and services, filed ABS 15-G documents with the Securities and Exchange Commission last Friday. Credit Suisse is on the deal, which is backed by consumer instalment contracts, according to the deal documents.